Facts;
1. A motor car is purchased in the name of Director.
2. Purchase of Car if financed by loan which is taken in the name of Director (care of company).
3. Loan is repaid by the company.
4. Car is used for personal as well as business purpose.

Query: Can the company claim depreciation and interest on loan? What will be the taxability to the director if depreciation and interest is allowed as deduction to the company.

Buyer of immoveable property Received notice u/s 148 and subsequently u/s 143(2)

Cost of the property as per stamp value is more than agreement value. However buyer has paid to the seller as per agreement and nothing more

My question is how to proceed in this matter so that it can be proved that agreement value is correct ?

Whether co ownership of house is considered as full ownership of the house to claim exemption u/s 54f. if Assessee owns 2 co ownership properties whether he can claim exemption under sec 54f

For one of my clients submitted Income tax return in ITR-3 which was duly e-verified on 15.09.2021 for the A.Y. 2021 which has not yet been processed U/s 143(1) even long 191 days have already been passed. Grievances submitted 3 times but no effect. Without having maintaining book of accounts, a balance sheet had been made by me on documents and furnished in said ITR. Now I want to revise said return per U/s 139(5) by deleting said balance sheet and to be uploaded as NO ACCOUNTS case. Can I do so. Kindly help me.

Sirs,

One of our employee is paying Rent thru No Broker site and has given a rent receipt.
Receipt states the amount received from that person, and bearing address mentioned only the locality. Owners name is there but the complete address is missing. Receipt is a systme generated one.

Can this be accepted for HRA Exemption.

Thanks.

MR. X PAID AN ADVANCE TAX CHALLAN OF RS. 50000/- FOR THE ASSESSMENT YEAR 2021-22, BUT INADVERTANTLY SAME CHALLAN PAID IN REGULAR ASSESSMET TAX (400) INSTEAD OF ADVANCE TAX (100). PLEASE GUIDE HOW TO CORRECT THE CHALLAN?

I am going to link the pan to Aadhaar, its shows "Aadhaar is linked with some other PAN". What is the solution. I have only one PAN

hello everyone,

If buyer of the property agrees to pay total capital gains tax on behalf of seller what are the tax complications in the hands of both buyer and seller with case laws/ appropriate provisions, if any.  kindly give reply as soon as possible and oblige.

A MEGHMANI ORGENICS LTD 1000 SHARE @ 43.60 STOCK BUY ON 26/04/2017

COMPANY MEGHMANI ORGANICS LTD DEMERGE ITS IN TO TWO COMPANY ON 21/05/2021 UNDER SCHEAM OF DEMERGER AS MEGHMANI ORGANICS LTD AND MEGHMANI FINE CHEM LTD. ON DEMERGER SCHAME COMPANY ALLOTED NEW MOL SHARE 1000 AND MFL 94 SHARE
COST OF AQUISTION WAS 93.85 AND 6.15 FOR A & B COMPANY

NOW I HAV SOLD BOTH MOL & MFL COMPANY SHARES IN DEC 2021 WHAT WILL BE MY TAX LIABILITY

AS STOCK MOL OLD IS 5 YEAR OLD INVESTMENT AND THAN A DIVIDED IN TO MOL & MFL WHAT WILL BE LTCG FOR MOL & MFL COMPANY ?
LALIT SHAH M.NO.9825056396

Sir,
1.A Gst registered and it returns filed business person sales turnover and GP and NP increased compulsory every year.
2.sales turnover rs:2 crores person maximum and minimum gp and net profit show in it returns.